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Pay-as-you-go social security and the distribution of bequests

Caballé, Jordi; Fuster, Luisa - Department of Economics and Business, Universitat … - 2000

This paper studies the impact of an unfunded social security system on the distribution of bequests in a framework where savings are due both by life cycle and by random altruistic motivations. We show that the impact of social security on the distribution of bequests depends crucially on the...

Persistent link: https://www.econbiz.de/10005772393

Parental altruism under imperfect information: Theory and evidence

Villanueva, Ernesto - Department of Economics and Business, Universitat … - 2002

Can we reconcile the predictions of the altruism model of the family with the evidence on intervivos transfers in the … US? This paper expands the altruism model by introducing e ?ort of the child and by relaxing the assumption of perfect … information of the parent about the labor market opportunities of the child. First, I solve and simulate a model of altruism under …

Persistent link: https://www.econbiz.de/10005772520

Ambiguity in election games

Aragonés, Enriqueta; Postlewaite, Andrew - Department of Economics and Business, Universitat … - 1999

We construct a model in which the ambiguity of candidates allows them to increase the number of voters to whom they appeal when voters have intense preferences for one of the alternatives available. An ambiguous candidate may offer voters with different preferences the hope that their most...

Persistent link: https://www.econbiz.de/10005827513

Shrouded costs of government: The political economy of state and local public pensions

Glaeser, Edward L.; Ponzetto, Giacomo A. M. - Department of Economics and Business, Universitat … - 2012

Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' and government employees' votes by promising compensation packages, but some voters cannot...

Persistent link: https://www.econbiz.de/10010849602

Should different people have different governments?

Boffa, Federico; Piolatto, Amedeo; Ponzetto, Giacomo A. M. - Department of Economics and Business, Universitat … - 2011

The classic theory of fiscal federalism suggests that different people should have different governments. Yet, separate local governments with homogeneous constituents often end up doing poorly. This paper explains why and answers three questions: when regions are heterogeneous, what determines...

Persistent link: https://www.econbiz.de/10010849630

Social capital, government expenditures, and growth

Ponzetto, Giacomo A. M.; Troiano, Ugo - Department of Economics and Business, Universitat … - 2012

We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under- invest in education, whose...

Persistent link: https://www.econbiz.de/10009652113

An agenda-setting model of electoral competition

Colomer, Josep M.; Llavador, Humberto - Department of Economics and Business, Universitat … - 2008

government and a challenger party in opposition compete in elections by choosing the issues that will key out their campaigns …

Persistent link: https://www.econbiz.de/10005771982

Voting after the bombing: Can terrorist attacks change the outcome of democratic elections?

Montalvo, José Garcia - Department of Economics and Business, Universitat … - 2006

attacks is its impact on the results of democratic elections. We use the electoral consequences of the terrorist attacks of … use the advance voting by Spanish residents abroad, who cast their vote before the terrorist attack, to identify the … three consecutive Congressional elections. Our empirical results indicate that a terrorist attack can have a large impact on …

Persistent link: https://www.econbiz.de/10005772181

Voting with preferences over margins of victory

Llavador, Humberto - Department of Economics and Business, Universitat … - 2005

This paper analyzes a two-alternative voting model with the distinctive feature that voters have preferences over … margins of victory. We study voting contests with a finite as well as an infinite number of voters, and with and without … mandatory voting. The main result of the paper is the existence and characterization of a unique equilibrium outcome in all …

Persistent link: https://www.econbiz.de/10005572575

A positive theory of geographic mobility and social insurance

Hassler, John; Mora, José V. Rodríguez; Storesletten, … - Department of Economics and Business, Universitat … - 2001

This paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...

Persistent link: https://www.econbiz.de/10005827462